Guideline Value for AKAN AVENUE PHASE III

Akan Avenue Phase III guideline value

The current guideline value of Akan Avenue Phase III is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Akan Avenue Phase III has changed

According to the guideline value register, there are no figures for Akan Avenue Phase III in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,800 per sq.ft.

As there are no previous figures available for this street, the 2024 figure stands alone without any changes recorded from prior revisions. Thus, the guideline value for Akan Avenue Phase III has been established solely based on the 2024 revision.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, making the 2024 figure for Akan Avenue Phase III above the median.

• Akan Avenue: Rs 1,770 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)
• Alamelmangapuram: Rs 1,650 per sq.ft (2024)
• A.G.S. Colony: Rs 1,980 per sq.ft (2024)
• Albin Garden: Rs 2,310 per sq.ft (2024)
• Albin Garden Extension: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Akan Avenue Phase III

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, the total charges would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akan Avenue Phase III?

The Sub Registrar Office that covers Akan Avenue Phase III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perungalathur

The guideline value is a crucial factor during property registration in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is aligned with the official valuation set by the Registration Department. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Akan Avenue Phase III?

The current guideline value of Akan Avenue Phase III is Rs 2,800 per sq.ft, effective from 1 July 2024.

Are there any previous guideline values for Akan Avenue Phase III?

There are no previous guideline values recorded for Akan Avenue Phase III in the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification for Akan Avenue Phase III?

The land classification for Akan Avenue Phase III is Residential Class III Type - II.

How is the stamp duty calculated for properties in Akan Avenue Phase III?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,800 per sq.ft would incur a stamp duty of Rs 1,96,000.

Where can I find the Sub Registrar Office for Akan Avenue Phase III?

The Sub Registrar Office for Akan Avenue Phase III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.